Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) Stock Short Interest Report for October

Franklin Systematic Style Premia ETF (NYSEARCA:FLSP) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 54,810 shares, a growth of 297.6% from the September 30th total of 13,785 shares. Based on an average daily trading volume, of 146,423 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Franklin Systematic Style Premia ETF

Institutional investors have recently bought and sold shares of the company. Coppell Advisory Solutions LLC purchased a new position in Franklin Systematic Style Premia ETF in the 2nd quarter valued at approximately $39,000. IFP Advisors Inc grew its position in Franklin Systematic Style Premia ETF by 17,811.1% during the third quarter. IFP Advisors Inc now owns 1,612 shares of the company’s stock worth $46,000 after buying an additional 1,603 shares in the last quarter. CoreCap Advisors LLC grew its position in Franklin Systematic Style Premia ETF by 48.7% during the second quarter. CoreCap Advisors LLC now owns 1,724 shares of the company’s stock worth $48,000 after buying an additional 565 shares in the last quarter. Royal Bank of Canada increased its stake in Franklin Systematic Style Premia ETF by 200.6% in the 1st quarter. Royal Bank of Canada now owns 1,933 shares of the company’s stock worth $53,000 after acquiring an additional 1,290 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in Franklin Systematic Style Premia ETF in the 1st quarter worth about $96,000.

Franklin Systematic Style Premia ETF Stock Performance

FLSP stock traded down $0.20 during mid-day trading on Thursday, hitting $28.83. The company had a trading volume of 73,953 shares, compared to its average volume of 115,039. The firm has a market cap of $1.10 billion, a PE ratio of 18.32 and a beta of 0.03. Franklin Systematic Style Premia ETF has a 12 month low of $26.43 and a 12 month high of $30.00. The stock’s fifty day moving average price is $28.70 and its two-hundred day moving average price is $27.71.

Franklin Systematic Style Premia ETF Company Profile

The Franklin Systematic Style Premia ETF (FLSP) is an exchange-traded fund that is based on the IQ Hedge Market Neutral index. The fund is an actively managed, absolute return fund that aims to produce positive returns in a rising or falling market by employing a multi-asset, long\u002Fshort strategy via the use of derivatives. FLSP was launched on Dec 18, 2019 and is managed by Franklin Templeton.